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raise the jar to all five layers. raise the jar to the best gelato. you ve ever tasted. talenti. raise the jar. time now for business. for that let s bring in cnbc s julianna tatelbaum who joins us live from london. good morning, juliana. it was a volatile session yesterday on wall street, but two consecutive days of gains. what should we make of this possible trend? well, john, it was a choppy session yesterday. ultimately the s&p 500 did end about 1% higher, but we were down as much as 1% shortly after the open yesterday. we also saw a lot of action in fixed income markets. u.s. ten-year treasury yield everyone is watching very closely crossed back above the 3% mark yesterday. it has bounced around since then, but that was a notable feature of trade yesterday. consumer discretionary was the underperformer of the day.
well, john, in the early sense, is that we will see a bit of a pullback, after a decent start to the week yesterday. all three major indices did end yesterday s session higher. albeit only marginally so. this morning, all three of the majors are looking at a weaker start to trade. the biggest story though, in the market yesterday, was really what we saw in fixed income markets. so in government bond, the u.s. 10-year treasury yield crossed the 3% mark in nearly a month and investors will closely watching the treasury market today, and all of this in the lead-up to the key inflation report, john, at the end of this week. so we talked a couple of times about jet blue airways, attempting to buy spirit airlines, a smaller rival and yesterday they seemed to have improved their offer. what are the revised terms and do we think this deal is going to go through. well, john, they sweetened it. so let me just explain what they did and didn t do. they didn t raise their offer on